Mastercard's Cross-Border Surge And Pricing Actions Drive Analyst Optimism

JP Morgan analyst Tien-tsin Huang reiterated an Overweight rating on Mastercard Inc. (NYSE:MA) on Friday, with a price target of $610. Mastercard reported fiscal first-quarter net revenues of $7.25 billion, up 14%, beating the analyst consensus estimate of $7.12 billion. Adjusted EPS rose 13% to…